Question – Does the requirement of the board to review fidelity bonds annually apply if the purchase of insurance or bond renewal does not occur annually? For example, a credit union’s fidelity bond and insurance contracts sometimes last longer than one year.
Question – When a loan application is approved and the approval has been communicated to the member, what is a credit union’s obligation to follow up if the member has not responded or accepted the loan?
Already a member? Log in
Members Get More |
This page contains member-only content.Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
|
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.